Commercial Bank of Dubai PSC (DFM:CBD)

DFM:CBD Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	6,622	5,901	3,311	2,689	2,865
Interest Income on Investments	-	-	-	2.93	2.79
Total Interest Income	6,622	5,901	3,311	2,692	2,868
Interest Paid on Deposits	3,097	2,629	909.96	611.26	978.81
Net Interest Income	3,525	3,272	2,401	2,081	1,889
Net Interest Income Growth (YoY)	7.73%	36.24%	15.41%	10.13%	-4.05%
Gain (Loss) on Sale of Assets	-	-	-	-0.04	15.65
Gain (Loss) on Sale of Investments	3.65	1.08	1.65	56.55	167.88
Gain (Loss) on Sale of Equity Investments	-	-	8.58	11.53	5.99
Other Non-Interest Income	1,963	1,665	1,401	1,034	904.96
Total Non-Interest Income	1,966	1,666	1,411	1,102	1,094
Non-Interest Income Growth (YoY)	18.01%	18.10%	27.98%	0.71%	2.83%
Revenues Before Loan Losses	5,491	4,938	3,812	3,183	2,984
Provision for Loan Losses	762.18	1,060	990.6	826.02	1,041
Revenue	4,729	3,878	2,822	2,357	1,943
Revenue Growth (YoY)	21.94%	37.44%	19.71%	21.33%	-15.26%
Salaries and Employee Benefits	776.35	722.31	586.32	-	-
Occupancy Expenses	61.01	49.41	35.77	29.65	27.88
Selling, General & Administrative	566.11	456.13	374.52	835.41	779.42
Other Non-Interest Expense	-	-	-	41.5	15.37
Total Non-Interest Expense	1,403	1,228	996.61	906.56	822.67
EBT Excluding Unusual Items	3,325	2,650	1,825	1,451	1,120
Pretax Income	3,325	2,650	1,825	1,451	1,120
Income Tax Expense	295.37	-	-	-	-
Net Income	3,030	2,650	1,825	1,451	1,120
Preferred Dividends & Other Adjustments	132.23	132.23	132.23	133.77	7.95
Net Income to Common	2,898	2,518	1,693	1,317	1,112
Net Income Growth	14.33%	45.21%	25.82%	29.50%	-20.00%
Basic Shares Outstanding	2,985	2,985	2,985	2,985	2,985
Diluted Shares Outstanding	2,985	2,985	2,985	2,985	2,985
EPS (Basic)	0.97	0.84	0.57	0.44	0.37
EPS (Diluted)	0.97	0.84	0.57	0.44	0.37
EPS Growth	15.08%	48.74%	28.56%	18.40%	-20.57%
Dividend Per Share	0.507	0.444	0.245	0.243	0.188
Dividend Growth	14.33%	81.44%	0.66%	29.39%	-3.35%
Effective Tax Rate	8.88%	-	-	-	-

Source: S&P Capital IQ. Banks template. Financial Sources.